Oil prices have experienced significant volatility in recent weeks, leading analysts to speculate that they could decline further. This potential drop is contingent on the decisions made by Opec+, which is scheduled to meet early next month to discuss supply levels.

Analysts indicate that if Opec+ opts to boost oil supply during this meeting, it could contribute to a decrease in prices. The fluctuations in oil prices have raised concerns about reduced demand, particularly in the context of ongoing trade tensions, which further complicate the energy market’s stability.

The uncertainty surrounding oil pricing is exacerbated by various global factors, including geopolitical events and economic indicators that influence market dynamics. As the situation unfolds, the market will closely monitor Opec+’s actions and their implications for future oil pricing trends.